The loan will be disbursed after assessing your eligibility and completion of required legal documentation.

Do I need a guarantor?

We will assess your loan application based on your credit history, net salary, requested loan amount, existing liabilities, etc. and will determine if you need a guarantor or not. In case you do, we will inform you of the requirement.

What is the maximum interest rate for any type of loan?

Currently, the maximum interest rate is set at 5.25%.

Interest rate is dictated by ceilings set by the Central Bank of Kuwait and consists of two components:

CBK Discount Rate of 2.25%

Margin of 3%

What are the terms of Education Financing plan?

The major terms of Education Financing plan are as follows:

5% flat interest rate

Zero upfront payment

Up to 2 months grace period (for installment payment) from loan approval